Pcm Fund Correlations

PCM Fund

USD 8.02 0.03 0.38%

The current 90-days correlation between Pcm Fund and Pimco Global Stocksplus is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pcm Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pcm Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pcm Fund Correlation With Market

Average diversification

The correlation between Pcm Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pcm Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pcm Fund. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Pcm Fund

0.64	TDF	Templeton Dragon Closed	Pair Corr
0.76	TTP	Tortoise Pipeline And	Pair Corr
0.9	PHK	Pimco High Income	Pair Corr
0.64	PEO	Adams Natural Resources	Pair Corr
0.73	NCV	Allianzgi Convertible	Pair Corr
0.67	ERH	Allspring Utilities And	Pair Corr
0.82	NCZ	Allianzgi Convertible	Pair Corr
0.77	RIV	Rivernorth Opportunities	Pair Corr
0.81	VTSMX	Vanguard Total Stock	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr
0.88	WMT	Walmart Aggressive Push	Pair Corr
0.63	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.86	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.84	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.91	T	ATT Inc Aggressive Push	Pair Corr

Moving against Pcm Fund

0.83	VVR	Invesco Senior Income	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.54	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.37	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	PHK	PFL	PCN	PAXS	PFN	PGP	PTY	BTZ	BDJ
PHK		0.94	0.83	0.64	0.95	0.71	0.87	0.28	0.69	PHK
PFL	0.94		0.77	0.62	0.94	0.75	0.74	0.33	0.54	PFL
PCN	0.83	0.77		0.82	0.91	0.8	0.75	0.44	0.6	PCN
PAXS	0.64	0.62	0.82		0.73	0.76	0.4	0.65	0.21	PAXS
PFN	0.95	0.94	0.91	0.73		0.84	0.81	0.41	0.64	PFN
PGP	0.71	0.75	0.8	0.76	0.84		0.48	0.68	0.37	PGP
PTY	0.87	0.74	0.75	0.4	0.81	0.48		-0.04	0.9	PTY
BTZ	0.28	0.33	0.44	0.65	0.41	0.68	-0.04		-0.17	BTZ
BDJ	0.69	0.54	0.6	0.21	0.64	0.37	0.9	-0.17		BDJ
	PHK	PFL	PCN	PAXS	PFN	PGP	PTY	BTZ	BDJ

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PFN	+ 0.95	PHK
PFL	+ 0.94	PHK
PFN	+ 0.94	PFL
PFN	+ 0.91	PCN
BDJ	+ 0.9	PTY
PTY	+ 0.87	PHK

High negative correlations

BDJ	- 0.17	BTZ
BTZ	- 0.04	PTY

Risk-Adjusted Indicators

There is a big difference between Pcm Fund performing well and Pcm Fund Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pcm Fund's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PHK	0.36	0.07	(0.04)	1.94	0.42	(0.43)	0.80	(0.80)	3.00
PFL	0.32	0.05	(0.08)	12.02	0.38	(0.39)	0.60	(0.71)	2.78
PCN	0.30	0.09	0.00	0.80	0.37	(0.31)	0.95	(0.43)	3.26
PAXS	0.72	0.08	0.01	0.33	0.82	(0.72)	1.71	(1.70)	4.49
PFN	0.27	0.06	(0.06)	0.90	0.22	(0.37)	0.66	(0.53)	2.28
PGP	0.51	0.04	(0.05)	0.28	0.64	(0.58)	1.14	(1.02)	3.86
PTY	0.17	0.07	(0.14)	3.35	0.00	(0.22)	0.50	(0.21)	1.26
BTZ	0.38	(0.03)	0.00	(0.15)	0.00	0.00	0.75	(0.74)	3.23
BDJ	0.63	0.05	0.01	0.19	0.68	(0.71)	1.58	(1.18)	4.62

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